WebAug 4, 2024 · A matter of Principle (12): FCA finalises Consumer Duty rules and guidance. After months of anticipation, the FCA has published its final rules on the new Consumer Duty ( PS22/9 ), heralding a major … WebApr 12, 2024 · Improving outcomes for retail customers in all areas of financial services business is the aim of the CD. The new rules comprise three core elements: the Consumer Principle – Principle 12; the ...
Financial Services 360 Farrer & Co
WebOct 19, 2024 · The FCA’s response to the ongoing problems in this area, is proposed via a new Consumer Duty – a set of rules introduced to ensure in-scope firms deliver positive … WebApr 14, 2024 · The latest edition of the FCA’s Financial Lives survey, carried out between February and June 2024, makes for fairly bleak reading with the overall proportion of UK … commonwealth games 2022 hockey table
Firms given extra three months to implement FCA
WebJul 27, 2024 · Update: 7 December 2024. On 7 December 2024, we published a further consultation ( CP21/36) on a new Consumer Duty, including feedback to CP21/13. Watch our on-demand webinar to hear more about the proposals. 1. Introduction. We want to see a higher level of consumer protection in retail financial markets, where firms are … WebJan 26, 2024 · April 2024:Manufacturers to complete all reviews necessary to meet the four outcome rules + share information with distributors. To July 2024:Second half of the implementation period. 31 July 2024: Rules apply regarding new and existing products/services open to sale or renewal. 31 July 2024:Rules apply regarding closed … WebJan 27, 2024 · On 25 January 2024, the FCA published its key findings on the state of implementation of firms’ plans to embed the new Consumer Duty within their businesses. The Consumer Duty will apply from 31 July 2024 in relation to new and existing products and services, and from 31 July 2024 in relation to closed products. 1 As a reminder, the … commonwealth games 2022 hockey standings